Are you a fan of Sears, or were you ever? Sears has been incurring net losses quite frequently in the past. Even though this article mentions that Sears has cut its loss by a half, its not going to be easy for them. Their shares have dropped quite horrendously for the last 10 years. Is it time for them to move out and let another department store try out the Canadian market? Or are department stores not in “fashion” anymore? Sears Vancouver downtown location has already shut down. I believe its already come to a point where Canadian based retailers are not able to sustain department stores in their own country.
http://www.globaltvbc.com/sears+closing+sunday+in+downtown+vancouver/6442729266/story.html